Check Out What Whales Are Doing With FTNT
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Fortinet (NASDAQ:FTNT) by a large investor, as observed from the options history. The sentiment among big-money traders is split between 41% bullish and 58% bearish. The whales have been targeting a price range from $50.0 to $80.0 for Fortinet over the last 3 months. The current price of FTNT is $57.33, up 0.99%. Analysts from Baird, Barclays, Rosenblatt, and TD Cowen have maintained their positive ratings on Fortinet with price targets ranging from $70 to $93.
August 07, 2023 | 2:46 pm
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A large investor has taken a bearish stance on Fortinet (NASDAQ:FTNT), with big-money traders sentiment split 41% bullish and 58% bearish. Analysts maintain positive ratings with price targets ranging from $70 to $93.
The bearish stance taken by a large investor, as well as the split sentiment among big-money traders, indicates potential downward pressure on the stock. However, the maintained positive ratings and price targets by analysts suggest a positive outlook in the longer term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100